Comas Corporation manufactures metal roofing in two departments: Pressing and Painting. Sheets of metal material...
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Accounting
Comas Corporation manufactures metal roofing in two departments: Pressing and Painting. Sheets of metal material are formed in the Pressing Department before being transferred to the Painting Department. The following information was taken from the companys general ledger and cost accounting records on June 30.
Work in Process: Pressing Department
6/1
Beginning balance
$
6,000
6/30
Transferred to Painting
?
6/30
Direct materials
25,500
6/30
Direct labor
8,200
6/30
Manufacturing overhead
32,800
6/30
Ending balance
?
Physical Units: Pressing Department
Units in process, June 1
300
sheets
Units transferred to Painting Department in June
1,500
sheets
Units in process, June 30
500
sheets
Percentage of Completion: Pressing Department
Direct materials, June 1
100
%
Conversion, June 1
20
Direct materials, June 30
100
%
Conversion, June 30
40
e. Prepare the summary journal entry required to transfer pressed sheets from the Pressing Department to the Painting Department in June.
f. Compute the total cost assigned to the Pressing Departments ending inventory on June 30.
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